Diamcor Mining Inc. announced the results of its second tender and sale of rough diamonds from the processing of material in the +1.0mm to -45.0mm size fractions through the newly expanded facilities at the company’s Krone-Endora at Venetia Project.

In this second tender of the current quarter, the company sold 3,265.07 carats of rough diamonds for gross proceeds of $702,635.70, resulting in an average price of $215.20 per carat.

The tender included the sale of three rough diamonds in the specials category (+10.8 carats): a 12.80 carat, a 12.89 carat gem quality, and a 13.51 carat rough diamond.

Previously on April 10, 2017, an initial tender and sale resulted in gross proceeds of $810,106.26, and an average price of $279.29 per carat. The total rough diamonds tendered and sold from processing through the newly expanded facilities amounted to 6,165.69 carats, with seven individual rough diamonds being in the specials category (+10.8 carats), generating gross proceeds of $1,512,741.96 and an average price of $245.35 per carat. The company plans to complete a third tender and sale prior to the end of the current quarter.

“We’re very pleased with the results of these initial tenders and sales of rough diamonds from our newly expanded facilities, especially at a time when many operators are experiencing lower than expected results due to continued weakness in rough diamond prices”, noted Diamcor’s CEO Mr. Dean Taylor. “The results are very encouraging, and given they are from the initial processing of material at a time when the new components are being calibrated and refined, they certainly point to the potential benefits that the crushing and treatment of material up to 45.0mm through these new facilities have when compared to previous tenders and sales of material processed through the previous facilities in the +1.0mm to -15.0mm size fractions”, adds Mr. Taylor.